Source Energy Services (TSE:SHLE) Shares Down 1% – Here’s What Happened

Source Energy Services Ltd. (TSE:SHLE)’s stock price fell 1% on Monday . The stock traded as low as C$12.30 and last traded at C$12.46. 3,863 shares changed hands during trading, a decline of 86% from the average session volume of 27,853 shares. The stock had previously closed at C$12.58.

Source Energy Services Price Performance

The company’s 50 day moving average price is C$13.70 and its 200-day moving average price is C$15.32. The company has a market cap of C$162.81 million, a price-to-earnings ratio of 25.43 and a beta of 1.35. The company has a debt-to-equity ratio of 142.54, a quick ratio of 0.22 and a current ratio of 1.38.

Source Energy Services (TSE:SHLE) last released its earnings results on Thursday, May 7th. The company reported C($0.25) EPS for the quarter. The business had revenue of C$160.22 million for the quarter. Source Energy Services had a net margin of 0.95% and a return on equity of 2.93%. On average, equities research analysts forecast that Source Energy Services Ltd. will post 3.2287234 earnings per share for the current fiscal year.

Insider Activity

In other Source Energy Services news, insider Catherine Victoria Reynolds sold 4,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$14.72, for a total value of C$66,240.00. Following the transaction, the insider owned 28,283 shares of the company’s stock, valued at approximately C$416,325.76. This represents a 13.73% decrease in their ownership of the stock. Corporate insiders own 11.09% of the company’s stock.

Source Energy Services Company Profile

Source Energy Services Ltd is a Canada based company engaged in the production, supply, and distribution of Northern White frac sand, as well as the distribution of other bulk completion materials not produced by the company. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system.